Global

ALED Smith is to take on the £270m M&G Asian fund, assuming management responsibilities from Hong Kong-based Neil Mackay.

SCHRODER is the latest fund house to go global in the search for income with a new fund launch.

T. ROWE Price is planning to expand its Luxembourg-domiciled SICAV range with the addition of two new funds.

SCOTTISH Widows Investment Management (SWIP) is to add a series of new funds to its UK retail range this summer with a European Absolute Return fund and an International Small Caps fund planned.

MULTI-MANAGER firm Margetts has sold the Fidelity European fund from its International Strategy offering and replaced it with Schroder European Alpha Plus.

RUPERT Della Porta, manager of F&C's North American fund, is increasing exposure to growth stocks, particularly in the technology sector.

RUPERT Della Porta, manager of F&C's North American fund, is increasing exposure to growth stocks, particularly in the technology sector.

THE UK investment industry has called for plans in the European Commission's white paper on simplifying UCITS legislation to be implemented as soon as possible to avoid unnecessary costs.

STANDARD Life Investments (SLI) is to convert its £20m Global Selector fund to an unconstrained vehicle with fewer stocks and a high performance target.

MORGAN Stanley Investment Management (MSIM) is launching a Luxembourg-domiciled Indian equities fund which will invest in between 40 and 50 mainly large-cap stocks.